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CHRF4, EUOT is dead and long gone. GBMR will file
a form 10 and the 100 shares you have will be able to be traded shortly....
AMA,
"avoid the need for a SEC ordered revocation."
Where have you been since the 19th of June? Revocation has been done. Shep drove GBMR into the wall and crashed. Shep can't go back now and prevent the crash.
Global has absolutely no resources. Unissued common shares are as worthless as the ones already issued. Hicks is no longer fronting any cash and neither is anyone else.
DONE, KAPUT, FINISHED, TERMINATED, OVER, SHOT, CRUSHED, SMASHED.
Choose which word you wish.
Sheppard (GBMR) could file a voluntary form 15 and avoid the need for a SEC ordered revocation. It appears that this move would give them 90 days and another possible 60 to bring their filings up to date and possibly return to good standing with the SEC. It appears that the only resource they have of possible value is the unissued reserve of approximately 550mil shares to reach the AS limit of 900 Million.
Bat,
Looks like the scumbag may rise this POS from the grave...Pinstripes was never a favorite of scumbag...
You can sell them in frankfurt.
http://finance.yahoo.com/q?s=HCJA.F
It's like global never existed anywhere but on the SEC
website in the US.
So euot.pk is up 500% today.
If that happens again tomorrow it will be almost be a penny stock again.
Maybe they bought out global matrechs for $10 and cabfare to the islands?
AMA,
Man, I would like to have some idea as to how Sheppard can get Global securities re-instated. This is worse than NNRI. He has to start at square one.
He cannot give the SEC any new BS. I think the assets will be going away to some place else. We will be lucky if we get any shares of the new company after our Global common are cancelled in the liquidation. JMO
Well, I hope it will trade again for those who suffered for the longest time. I know alot of really good people who put their hard earned money into this company.
Hopefully things will turn around for them.
Good luck to everyone here. I mean it.
Not out of business. Sheppard has revebues coming in but the SEC shut his ass down because he is a scam artist that is about to learn a hard lesson.
Sheppard has NO choice but to get us back listed on the OTCBB.
Stocks like MGLG, WNBD, SYNJ and SPNG that have a gazillion shares ran for 1000% and this POS stock with 400MM went out of business. Sad, isn't it.
Bat,
You must know who the losers are here. The scammers did not lose. The company, now non-trading, still exists and still owes Hicks a large sum. He will most likely find a way to collect regardless of the losses suffered by public share buyers..
Bat,
I'm sure all the shareholders that were hoping for better results share your enthusiastic response to the SEC action.
They all must have been no gooders with no guardian angel to watch over them as they threw hard earned money down a rat hole.
Thank God for the SEC!!!!
http://www.sec.gov/litigation/admin/2009/34-60142.pdf
another scam stock bites the dust.
Hey AMA,
Global securities revoked today. Information I have is that Eurotech is still the licensor on the techs licensed to Global.
Eurotech may be a shell but is at least a trading shell. GBMR is kaput!!!!
AMA,
The IBox information is not correct. GBMR getting de-listed from the Pinks had nothing to do with Shep's incompetence. It was what Hicks wanted. I have no doubt that Hicks could have done whatever needed to cause filings to be done in 07 and 08 if he had chosen to do so. He would not sell his GBMR PFs and convertible prom notes to an outside lender because those disclosing filings would get done.
This company will become a shell but still controlled by Hicks. If he does not use another of his controlled companies to merge into GBMR, he will sell his control interest to someone like Belmont.
By this time, Global may have nothing. Even the technology license from EUOT or the outright patents rights may have already been transported by moving van to NanotechdIndustries. Inc.
I really feel fortunate that I now own shares in only two Hicks generated shells. Glad I got out of Markland. Holding a few TCNH but not many. TCNH may be the next to fall into the Greys...
AMA,
I agree that he has not done much for the shareholders since he seems to be Hicks' front man and has always done his bidding. However badly this has gone, I realy find it hard to come up with specific things Shep has done which would get him jail time.
I would really like for you to give me some specifics. Maybe I can contribute something in assistance.
I have not been wrong about EUO from day one. I accumulated 225K shares at .25 average prior to Nov, 02. My mistake was that I did not sell as many as I should have on the CRADA announcement when the sp spiked to .70.
Until someone proves different, the License and Exchange Agreement that licensed technologies to Global has legal standing. If that agreement has been aborgated by some hidden agreement between the parties, so be it. But failure by the CEOs of both companies to disclose any such action may be cause for a Class Action suit. I will soon learn from Belmont if the formal agreement from 3/27/2003 is still operable. If not, I will find out when it was made moot and by whom.
I don't think Hicks and Sheppard are afraid of anything. If so, they would have kept Global out of current situation. Don't you think so?
Chrf4, you have been wrong since day one with EUO and you still are way off course here...Sheppard has NO MORE CHOICES...
Times up
AMA33,
What charges could be made against Sheppard that would put him in jail? Who would make the charges?
This quasi blackmail crapola doesn't work really well. Huh?
"If you don't do this or that we will put you in jail." What a crock!!! JMO
Sheppard will have a choice to make.....Come clean and get GBMR back on the OTCBB with viable business selling Nucap & Hnipu or spend time in prison.
I think the choice is simple because he doesn't look in pinstrips.
jmo
Stupidity isn't illegal,
it's just annoying.
Anyone know what today is?
I don't think the SEC will let them reverse this pos again.
Bat,
If the OS has been limited to near 400M, a 1 for 20 RS on the next restructuring will get the new OS down to 20M. Now the question is which other HIcks company can be merged into GBMR to make 20M OS good for awhile. That will be acceptable to me since my 2M stack would only drop to 100K of the new ones. How long will it take for Hicks to get this done?
I'm thinking Belmont will get some company into EUOT, do a 1 for 20 RS and bring that OS down to 5M. I'll be happy with that also. What will Belmont do with that license to Global?
My four sons may someday get something out this penny trip I took. I'll probably be long gone before my reduced holdings have any marketable value.
As far as Shep being in trouble, can he be charged with just being a dumbass follower of Hicks? Will he look back and wonder if he could have done something better in this life?
he'll just get a pat on the back and be shuffled into hick's next pump and dump
he'll probably get a penalty for not managing to issue the remaining shares though
Check my board for that....
The guy is a crooked POS and lies like a rug.
what about the shareholder's money! I invested by blood in this company!
It won't...Sheppard will do time for this.
I don't think shareholders should let Micheal Sheppard walk away this easily. Him and Southridge already stole millions of dollars off of us. We should ask for our money back.
This story cannot just end like that!
Sheppard is purposly dragging his feet....This guy is going to end up in jail, jmo
ONE THAT WOULD RUN HIM OVER PERHAPS?
Monday is coming up fast.
Perhaps we could charter a bus...............
The word is Sheppard is in serious trouble here....
Looks like our CEO is going to end up in court
Bat,
A further comment on Naddell's inquiries with Borden/Hexion.
The discussions concerned a possile license or a toll manufacturing agreement. Since the license to Global was operable, Eurotech could only provide information to Global and EFM, which held the sub-license. Due to the legal action initiated by Global on behalf of Woodward, nothing materialized.
The unnecessary and useless lawsuit and counter served only to provide Woodward with a convertible prom note, further soured cooperation between Eurotech and Global, and caused extened delay for progress on HNIPU. More than two years after settlement of the lawsuits, EFM/NTI has finally arranged for manufacturing in Toronto.
This does not mean HNIPU has immense value but the applications done by Phazer does indicate HNIPU has some value. JMO
Bat,
The $8MM is the computation of liquidation value. Obviously, should GBMR liquidate with no assets, the PFs have no value.
The reduction in conversion numbers did not affect the Liquidation Value.
It looks like I was composing as you were asking the new questions...
Added to my prior
Overnight I was reminded by someone that there was never a real intent to pay Eurotech any of the upfront license fee and there was limited expectation royalty fees would ever be required.
The only PF debt to be paid was those PFs issued to Eurotech for assignment to Woodward. Those were structured for conversion at a price below market and were dilution safe whereas the Series H held by Eurotech were convertible into a set number of shares and subject to dilution;with the R/S, the conversion number went from 10,000 to 500. In either case, all PFs are now essentially worthless by GBMR sp.
When Eurotech submitted a conversion request at a time when the common had some value, the request was ignored, denying Eurotech access to needed funds. When Eurotech offered to provide 2500 Series H PFs to Woodward to pay outstanding prom notes, that offer was not accepted. We all know the results of the lawsuits.
Whatever the value of the licensed techs, the License and Exchange Agreement exists and is a legal document that still has standing until disposed of by some other legal action.
Do you remember what happened when Naddel tried to convert the preffereds?
Please explain where you are coming up with $8M.
I think the preffereds were not the protected dollar amount issued to hicks and buddies.
I think they were just convertable into X number of shares that currently have a value of 0.0001 each. ( woefully overvalued)
Bat,
Whatever happened on the inquiry from Hexion may not be relevant to the current uses which have come about with HNIPU.
However, be that as it may, the License and Exchange Agreement provided that Eurotech be paid a few million dollars for the license to Global. There are still 8662 Series H PFs outstanding due to Eurotech. They have a liquidation value of $8,662,000.00.
If the techs have no value, then Global needs to foldup, file BK, eliminate all debt, and the license agreement vacated in the process. However, if Global is rescued from the current situation and revenues are achieved through use of either of the techs, the amounts due to Eurotech on the license fee and any royalty payments need to be made.
Regardless of success with either of the techs, should GBMR sp appreciate sufficiently, Eurotech should be allowed to convert the PFs in accordance with the agreement and sell the received common to liquidate the receiveable.
NTI is just Figofsky again.
It's the same guys as before with a different label.
I think if hnipu had any value it would have gone somewhere when Naddel took it to Borden.
Deleted posts?
I may have missed something.
However, this discussion about the "ownership" of the techs licensed to Global from Eurotech may be meaningless if, as Bat suggests, the techs are worthless. Not sure I can agree with Bat's opinion on that point. Others may agree.
AMA,
Based on what ownership documentation?
As fully known, HCOM, now GBMR, is the licensee in the License Agreement with Eurotech dated 3/27/2003. As such, GBMR has rights conveyed in the license agreement. No ownership was conveyed at that time and through Jan 20, 2009,
Global has never stated ownership of anything except the license rights.
Refute the above if you can. I will await your diligent research about the matter.
Perhaps you should call the new Eurotech CEO for his opinion.
Chrf4, You are wrong about EUOT. GBMR owns the techs, period
What? And allow you to play fun and games on this board?
I post where I want.
I do contribute something here whereas you do not.
I own GBMR shares so I have an interest here. If you have no interest here, why do you believe others might be interested in your foolish and unresearched offerings?
Bat, at least, has done some research upon which he bases his opinions.
CHRF4, go back Raging bull please
WOW!!!!
What a waste of time opening your so very informative posts?????
You must have just too much time on your hands and no one to talk to.
You are both wrong.
Eurotech is still the holder of the patent rights and the license is still effective.
HomComm issued PFs to Eurotech as the upfront license fee payment. Only a small number of those PFs were converted by Eurotech so the payment has not been made. Also, the royalty payments due to Eurotech on any commercial sales are still operable.
Eurotech may be a shell for sale but Eurotech is not done insofar as the technology license to Global is concerned.
If Global's securities are de-registered, Eurotech will take the sub-license to NTI. Guess who might have a strong interest in the Eurotech shell that holds the patent rights?
Bat,
The license on the tech was assigned to HomCom in 2003. It is still an effective patent as indicated in PCT data provided in April, 2003, and March, 2004.
Eurotech still holds the patent rights and the license of the techs to HomComm, now Global.
Bat,
My point is that Eurotech has not been sold. The company still exists, albeit as a shell.
BTW, Belmont does not have to acquire an equity position and assign a new CEO to market a shell company.
I have spoken directly with Joseph Meuse. They are interested in the developments at Global. He told me my e-mail to him relative to termination clauses in the License Agreement was referred to his legal office.
It really makes no difference how large their position may be or how much was paid. They may have simply bought Naddell's position or they may have bought Southshore's position or both.
United States Patent 7,232,877
Figovsky , et al. June 19, 2007
--------------------------------------------------------------------------------
Preparation of oligomeric cyclocarbonates and their use in ionisocyanate or hybrid nonisocyanate polyurethanes
Abstract
A method and apparatus for synthesis of oligomeric cyclocarbonates from epoxy compounds and carbon dioxide in the presence of a catalyst. Star epoxy compounds and their preparation and use in making star cyclocarbonates, star hydroxy urethane oligomers, and star NIPU and HNIPU. Acrylic epoxy compounds, acrylic cyclocarbonates, acrylic hydroxy urethane oligomers, and acrylic NIPU and HNIPU and their methods of preparation.
--------------------------------------------------------------------------------
Inventors: Figovsky; Oleg (Haifa, IL), Shapovalov; Leonid (Haifa, IL)
Assignee: Homecom Communications, Inc. (Ridgefield, CT)
Appl. No.: 10/491,268
Filed: October 1, 2002
PCT Filed: October 01, 2002
PCT No.: PCT/US02/31120
371(c)(1),(2),(4) Date: March 29, 2004
PCT Pub. No.: WO03/028644
PCT Pub. Date: April 10, 2003
Then there's this flaming turd
Exactly batscam, marketing the shell. EUOT is done
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UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 60142/June 19, 2009
ADMINISTRATIVE PROCEEDING File No. 3-13420 ___________________________________ | ||
In the Matter of GLOBAL MATRECHS, INC. | : : : : : | ORDER MAKING FINDINGS AND REVOKING REGISTRATION BYDEFAULT |
___________________________________ |
The Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) on March 30, 2009, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). The Commission delivered the OIP to Respondent Global Matrechs, Inc. (Global), on April 2, 2009, and Global filed an untimely Answer on April 17, 2009. The Division of Enforcement (Division) made its investigative file available to Global, as required.
Following a telephonic prehearing conference, I granted the parties leave to file cross-motions for summary disposition. The Division filed its motion for summary disposition on May 11, 2009. Global’s opposition to the Division’s motion and its cross-motion for summary disposition were due on June 15, 2009. By letter dated June 12, 2009, Global advised that it will not be filing an opposition to the Division’s motion for summary disposition, or, alternatively, its deficient periodic reports. Accordingly, Global is in default for failing to respond to a dispositive motion. See Rule 155(a)(2) of the Commission’s Rules of Practice. As permitted by Rule 155(a), the following allegations of the OIP are deemed to be true.
Global (CIK No. 1021226) is a Delaware corporation with its principal place of business in Ridgefield, Connecticut. Its business purportedly consists of providing safety and storage solutions for the nuclear, environmental, and chemical industries and also serving the nuclear waste, green, and homeland security sectors. Global has a class of equity securities registered with the Commission pursuant to Section 12(g) of the Exchange Act. The company is nearly two years delinquent in its periodic filings with the Commission. The company’s Form 10-K for the period ended December 31, 2006, reported a net loss of approximately $1.7 million for the prior nine months and an accumulated deficit of over $38 million. A "going concern" opinion was included in the independent auditor’s report in the Form 10-K for the fiscal year ended December 31, 2006, and management also disclosed "substantial doubt about the Company’s
ability to continue as a going concern" in its Form 10-QSB for the quarter ended September 30, 2006. According to Commission records, Global has filed notifications of inability to timely file an annual or quarterly report for the period ended December 31, 2006, and for the period ended March 31, 2007. Global filed its Form 10-K for the period ended December 31, 2006, on January 20, 2009. Its securities are currently quoted on Pink Sheets OTC Markets, Inc., under the symbol GBMR.
Global is nearly two years delinquent in its periodic filings with the Commission. Global received a delinquency letter from the Division of Corporation Finance, requesting compliance with its periodic filing obligations. Global responded to the letter by stating that it would cure its delinquent filings. On January 20, 2009, Global filed its Form 10-K for the period ended December 31, 2006. The company has failed to file its seven periodic reports, including one annual report and six quarterly reports after being sent the delinquency letter.
Section 13(a) of the Exchange Act and the rules promulgated thereunder require issuers of securities registered pursuant to Section 12 of the Exchange Act to file with the Commission current and accurate information in periodic reports. Specifically, Rule 13a-1 requires issuers to file annual reports (Forms 10-K or 10-KSB), and Rule 13a-13 requires issuers to file quarterly reports (Forms 10-Q or 10-QSB).
Based on the foregoing, Global has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder.
IT IS ORDERED THAT, pursuant to Section 12(j) of the Securities Exchange Act of 1934, each class of the registered securities of Global Matrechs, Inc., is revoked.
_______________________ James T. Kelly Administrative Law Judge
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